SEC ownership of XChange TEC.INC

Top holders, 13D/G large-stake signals, insider positions, and transaction flow tied to CIK 0001769256.

Comparable stake leader

Golden Stream Ltd.

Disclosed value leader

MORGAN STANLEY

Comparable rows

1/2

Latest evidence

31 Mar 2026

Top shareholders Insider holders Latest transactions

Public ticker: XHG on Nasdaq
Parsed ownership sources: 13D/G and 13F
Source: Parsed SEC ownership filingsUse: Compare filing families carefully
Largest SEC-reported holder: Golden Stream Ltd.
Ranking: Comparable ownership first, then disclosed value
Comparable ownership rows: 1 of 2
Meaning: Rows with safely comparable ownership %
Latest 13D/G holder: Golden Stream Ltd.
Source: Latest parsed Schedule 13D/G stake
Latest parsed ownership date: 31 Mar 2026
Freshness: Most recent filing date in this holder set
Issuer CIK: 0001769256
Issuer location: Xuhui, Shanghai, China

Ownership snapshot

Top shareholders of XChange TEC.INC (13F + 13D/G + 3/4/5)

Grouped by holder across the latest SEC ownership disclosures. Start with comparable ownership when available, then verify the linked 13F, 13D/G, or 3/4/5 evidence.

Comparable stake leader

Golden Stream Ltd.

Disclosed value leader

MORGAN STANLEY

Comparable rows

1/2

Latest evidence

31 Mar 2026

13D/G 13F Lead comparable stake: 9.6% 1 rows are not safely comparable across share classes. 13D/G row: Golden Stream Ltd.

Quick read

Golden Stream Ltd. leads the comparable SEC ownership view at 9.6%.

1 of 2 rows have a safely comparable ownership percentage. Use this as a filing-backed starting point, then open the detailed table for source links, reporting role, position value, share count, and filing date.

Open SEC evidence Opens Golden Stream Ltd.'s linked filing trail.

Comparable ownership Top 1

Golden Stream Ltd. 9.6%

Ownership % is shown only when SEC disclosures are safely comparable across share classes.

Detailed SEC evidence table Showing 1-2 of 2 holder rows

Holder	Evidence	Ownership %	Position	12M Net Δ	As of
Golden Stream Ltd.	13D/G 13D/G	9.6%	— 11,863,927,890 shares	$0	09 May 2025
MORGAN STANLEY	13F Company 13F	— class O/S missing	$13 15 shares	—	31 Mar 2026

How to read this table

Rows are grouped by holder and ranked first by SEC-reported ownership % when it is safely comparable, then by disclosed holdings value. — indicates unavailable or non-comparable values; "mixed-class rows" means the latest filing spans non-comparable classes.

Forms 3/4/5 flow

Insider trading overview

Insider buy and sell flow is broadly balanced over the last 12 months. No Buy or Sell transactions have been reported since 18 Jul 2025.

Buys

Insiders: 0

Sells

Insiders: 0

Net

Shares: 0

Window

Last 12 months

4 rolling buckets

Buy value Sell value

Shares: 0 Shares: 0

Window (months)	Buy value	Sell value	Net value
0-3	$0	$0	$0
3-6	$0	$0	$0
6-9	$0	$0	$0
9-12	$0	$0	$0

Reporting owners

Insider holders from Forms 3/4/5

Showing 1-5 of 5 reporting-owner rows connected to XChange TEC.INC. Open a relationship link for the CIK-to-CIK filing trail.

Rows

Largest Forms 3/4/5 holder

HRT FINANCIAL LP

Net 12M change

Latest report

17 Mar 2026

Name	Relationship	Holdings Value	Valuation	Report Date
HRT FINANCIAL LP	10%+ Owner	$0	Mixed	16 Jan 2025
Zhichen Sun	Chief Executive Officer, Director		Mixed	17 Mar 2026
Jiaxing Chang	Chief Financial Officer, Director		Mixed	17 Mar 2026
Guofu Wu	Director		Mixed	17 Mar 2026
Nini Qiao	Director		Mixed	17 Mar 2026

Recent insider transactions for XChange TEC.INC

Showing up to 300 recent insider transactions from the last 12 months.

Insider	Symbol	Class	Transaction	%	SEC-reported value	SEC-reported price	Shares	Shares owned	Date	Ownership
No insider transactions were found in the last 12 months for this issuer.

^* marks a reported price that did not pass the local price check.